Businessweek

DIRECTV (NasdaqGS:DTV) is planning a potential bid for Hulu, LLC, according to a person familiar with the matter. Hulu's owners, including The Walt Disney Company (NYSE:DIS), News Corp. (NasdaqGS:NWSA); and Comcast Corporation (NasdaqGS:CMCS.A) are considering various strategic options for the site including a sale. Other firms that have bid or expressed interest in Hulu include cable operator Guggenheim Partners, LLC; Hulu, LLC; Time Warner Cable Inc. (NYSE:TWC); Yahoo! Inc. (NasdaqGS:YHOO); and former News Corp. President Peter Chernin's investment group. People familiar with the matter say pay TV operators like DirecTV could be interested in the site in part to expand their so-called "TV Everywhere" services, which make TV shows available over the Web to pay TV customers. Share price of DirecTV is up by 0.76%, share price of Walt Disney up by 0.17%, share price of News Corp up by 1.10%., share price of Comcast Corp. decreases by 0.54%, share price of Time Warner Cable up by 0.75% and share price of Yahoo decreases by 0.23%.

Comcast Corporation announced that its Board of Directors declared a quarterly dividend of $0.195 a share on the company's common stock. The quarterly dividend is payable on July 24, 2013 to shareholders of record as of the close of business on July 3, 2013.

At least two pay TV operators, including Time Warner Cable Inc. (NYSE:TWC) are planning to invest in Hulu, LLC as Hulu considers a range of strategic options, according to people familiar with the matter. It isn't clear how much Time Warner Cable is willing to pay and whether it is considering purchasing a minority stake in the site or an all-out acquisition. Hulu's current owners including News Corp. (NasdaqGS:NWSA); Comcast Corporation (NasdaqGS:CMCS.A) and The Walt Disney Company (NYSE:DIS) don't see the cable operator as the most likely buyer at the valuation it has signaled it would do the transaction, one of the people familiar with the matter said. The identity of the other pay TV operator isn't known. For regulatory reasons, Comcast can't vote its stake. News Corp and Disney have been at odds about the strategic direction for Hulu, and more recently the companies have been considering selling the site. Another option is for News Corp. or Disney to buy the other out. Former News Corp. President Peter Chernin's investment group has made an offer for Hulu, people familiar with the matter say. In addition, Guggenheim Partners, LLC and Yahoo! Inc. (NasdaqGS:YHOO) has shown interest in the site., people familiar with the situation said.

Comcast Corporation announced that the Xfinity Asia Internet destination (Xfinity.com/Asia), an online portal that brings together a wealth of Asian-Pacific entertainment content from a variety of sources in one, easy to navigate location. This is the first step in a larger Xfinity Asia initiative designed to expand the availability of Asian programming, VOD and tailored packages to the Asian-Pacific community throughout 2013. In addition, Xfinity customers will gain access to special programming across Xfinity platforms -- TV, On Demand, online and on mobile devices -- recognizing the Asian-Pacific cultural influence on the world of entertainment. The Xfinity Asia website features news, blogs, and Xfinity TV programming information relevant to the Asian-Pacific community. Content on the site includes award-winning films, documentaries, history, bios, sports, anime and music featuring Asian-Pacific entertainers, artists and historical leaders that have contributed to the news, music and history of this country and the world. Xfinity TV customers will have access to a large library of content on Xfinity On Demand, and non-subscribers also will have the opportunity to explore a range of entertainment options online. Content can be filtered by country of origin, genre and more. Highlights of Xfinity TV's Asian-Pacific American Heritage Month collection include Bollywood hits and music; HBO's East of Main Street; Filipino entertainment and events; KPOP; K-Drama Fever; anime from Funimation; and themed history and biographies from National Geographic. In addition, Xfinity TV will offer feature films including: Conscience and the Constitution, directed by Frank Abe; Delhi Safari, directed by Nikhil Advani; Don't Lose Your Soul, directed by Jim Choi and Chihiro Wimbush; The Island President, directed by John Shenk; Life of Pi, directed by Ang Lee; The Reluctant Fundamentalist, directed by Mira Nair; Seeking Asian Female, directed by Debbie Lum; Sushi: The Global Catch, directed by Mark Hall.

Comcast Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $15,310 million against $14,878 million a year ago. Income before income taxes was $2,570 million against $2,197 million a year ago. Net income attributable to Comcast Corporation was $1,437 million against $1,224 million a year ago. Diluted earnings per common share attributable to Comcast Corporation shareholders were $0.54 against $0.45 a year ago. Net cash provided by operating activities was $4,369 million against $4,393 million a year ago. Capital expenditures were $1,361 million against $1,174 million a year ago. Adjusted earnings per share increased 13.3% to $0.51 in the first quarter of 2013. The company generated consolidated free cash flow of $3.1 billion in the first quarter, an increase of 3.3%. Free cash flow per share increased 5.4% to $1.17 per share.